Russian betting market to increase several times

BookmakersRating.ru specialists predict the growth of Russia’s legal betting market three-fold. As the result, its volume will reach 1.2 trillion rubles. If adding the illegal gambling business turnover, the figure will be 1.4 trillion rubles.

Currently, the market size is 677 billion rubles with 403 billion being a share of the legal sector. Total revenue of Russian betting shops is 47 billion rubles annually.

Experts believe that one of reasons for industry development will be the increasing amount of people engaged in this sector due to the Confederations Cup tournament taken place in this July. According to preliminary estimates, the volume of bets can be increased by 50%.

Other factors will include eSports tournaments, as the amount of world’s bets in this area has been 6-8 billion dollars during the previous year.

Legal segment figures could be also enhanced significantly using more loyal state policy. Over the past few years, a lot of betting shops have legalize their activity. It was caused by the amendments in the law on the state regulation of activities associated with the organization of and carrying on gambling, prohibiting betting on online platforms of betting shops without country’s license. Unfortunately, now the amount of players involved in illegal betting is 65%.

To establish a betting company in Russia, one requires huge investments and compliance with high demands. For instance, the amount of the authorized capital is at least 100 billion rubles. The value of betting shop’s net assets should be not less than 1 billion rubles, while bank guarantee should also cover 500 million rubles.